1423 H St
About This Property
A decorative iron fencing encloses the freshly xeriscaped front yard to welcome you into this unique and historic Salida home. Enter through a stained glass accented front door into a bright living room with a sunny bay window. Off of the living room is a main floor bedroom with French doors and an attached 3/4 bathroom and laundry closet.
The spiral staircase leads to a second living space with vaulted ceilings, a full bathroom with clawfoot tub, and two additional non-conforming bedrooms. All bedrooms will include armoires. The upstairs also has a loft which can serve as a flexible bonus space.
The eat-in-kitchen includes granite counter tops, new refrigerator, ample storage and a designated space to install a dishwasher. Access the back yard off of the kitchen to enjoy a very large and private fenced area which includes a recently purchased storage shed and fire pit. It has also been recently xeriscaped to provide low maintenance living and offers future development potential. On the north side of the home are two exterior closet spaces that hold utilities in one while the other offers additional storage space.
Make this historic Salida house your new home or bring you development ideas to this spacious lot!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2023 | Sold | ||
| Sold | |||
| Jan 17, 2023 | Sold | ||
| Sold | |||
| Nov 12, 2022 | Listed by Century 21 Community First | $599,000 | |
| Listed by Century 21 Community First | |||
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A huge backyard & close to town. 1423 H Street is a charming historical home that has been remodeled from top to bottom. As you drive up to the front parking, you immediately notice how it stands out from the rest of the "classic" Salida style homes. This one still holds a lot of original character inside & out. Walking in the front door with the beautiful stained glass panel, the main floor opens up to a spacious living area. Big windows draw in natural light & make the room feel large but cozy. There is a bedroom with attached bathroom on this floor, separated from the living room by glass French doors. All new cabinets, countertops, & appliances update the kitchen to modern convenience while keeping the original feel with stained glass light fixtures. Upstairs is a family room, two bedrooms, & a sleeping loft or reading nook. The spiral staircase is fun & easily moved to get furniture on the second floor, then placed back for a crow's nest experience. There is a full bathroom on this level & windows all around to capture the surrounding views that Salida has to offer. The updates to this property hit the spot with new baseboard heaters installed throughout, new flooring through the entire home, the exterior was repainted after stucco was repaired, new window sills & trim, new paint in every room, new backdoor, awnings installed over each entrance, new tankless water heater, & much more. The back door opens to a big backyard! Currently xeriscaped for practically no maintenance, there is room to enjoy the fire pit or sit under the sun sails & soak up big skies. You also have plenty of room for a future detached garage with an ADU. There is alley parking, a shed for extra storage or a perfect man cave, & a lot of opportunity for this home to be enjoyed for many years to come. The location is unbeatable at only a few blocks from the downtown area. You are close enough to walk but far enough away to not be in the constant crowd. Come check out this Salida gem today!
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| Sep 7, 2022 | Listed by Pinon Real Estate Group LLC | $699,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| Jan 15, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017